Primary Outcomes (explanation)
1) Retirement Knowledge Scale (RKS): we use the measure developed by Blanco et al. (2020). This scale measures three important areas related to retirement knowledge and preparedness: 1. Reflection about retirement plans (questions 1 and 2); 2. Engagement with information related to financial planning for retirement (questions 3, 4, 5, 6, and 7); and 3. Evaluation of retirement preparedness (questions 8, 9 and 10). Further details are discussed in https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4305160.
2) Retirement Savings: We use measures from the Health and Retirement Study (HRS), that specifically ask how much people are currently saving for retirement, and participants get the option to provide their answer as a dollar amount or as a percentage of their income.
Both measures are self-reported.